2 Maharatna Power Sector Stocks Get Buy Call As Shares Likely To Soar: JM Financial

JM Financial has recommended investors to buy 2 power sector Maharatna stocks for higher returns. These stocks are NTPC Ltd and Power Grid Corporation of India. JM Financial has assigned a target price of Rs 205 apiece to NTPC and Rs 255 apiece to Power Grid Corporation of India. Both these are large cap stocks. Check details below:

Buy NTPC Ltd: JM Financial has recommended investors to buy NTPC Ltd with a target price of Rs 205 apiece. Current market price of NTPC Ltd is Rs 179.65 apiece with intraday fall of 0.64% on BSE.

If you buy NTPC at last trading price, you can get potential return of 15%. Its 52-week high is Rs 182.80 apiece and 52-week low is Rs 130.55 apiece, respectively. Its market capitalisation is Rs 1,74,200.61 crore.

The stock offered return of 6% in last 3-months, delivered 36% return in last 1-year, and 83% return in last 3-years.

Buy Power Grid Corporation of India: The analyst has suggested investors to buy Power Grid Corporation of India with a target price of Rs 255 apiece. Current market price of the stock is Rs 226.10 apiece with intraday dip of 0.20% on BSE.

If you buy Power Grid Corporation of India at its last trading price, you can get potential return of 13%. Its 52-week high price is Rs 248.25 apiece and 52-week low price is Rs 186.35 apiece, respectively. Its market capitalisation is Rs 1,57,714.99 crore.

The stock gave return of 4% in last 3-months, 6% in last 1-year, and 79% return in last 3-years.

Disclaimer: The stocks have been picked from the brokerage report of JM Financial. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.